More than 300 African tech startups have raised more than US$1.1 billion combined so far in 2021, the first time the sector has broken the US$1 billion mark – and with four-and-a-half months of the year still to come.
Up to and including August 11, 2021, a total of 303 African tech startups have raised a combined US$1,184,220,000, up 69 per cent on the US$701,460,565 banked over the entirety of 2020.
This is according to figures being compiled by Disrupt Africa in advance of the release of its flagship funding tracker in January 2022. The report, which was the first of its kind upon its inaugural publication in 2016 and is now preparing for its seventh edition, tracks investment into the continent’s startup space, and highlights growth in funding for African tech ventures. Continue reading
(Image Credits: Unsplash)
The new CAMON 18 Premier brings together the best of the CAMON series, such as…
South Africa’s communications minister said today that this week’s massive social media outage of Facebook…
At the first Google for Africa event held today, October 6, 2021, global Internet giant,…
On Thursday, July 22, 2021, the Central Bank of Nigeria (CBN) revealed that the pilot…
FNB South Africa, one of the country’s top lenders, has announced today the launch of…
Google plans to invest up to $50 million in African early and growth-stage startups via…